If more than one firm in the group is subject to the rules of this chapter, groupfinancial resources are defined according to the relevant rules applicable to the main firm in the group to which this chapter applies, with Tier 1 minority interests being allowed as Group Tier 1 capital and Tier 2 minority interests being allowed as Group Tier 2 capital.

(2)

In calculating the groupfinancial resources, deductions should be made for intangible assets, material unaudited losses incurred since the balance sheet date and investments in own shares.

The FCA interprets 'main' by reference to the share of the firm's business in the group, its contribution to the group's
balance sheet (measured on the basis of total assets) or profit and loss statement (measured on the basis of gross income).

(2)

The form in SUP 16 Ann 19 R, together with the guidance in SUP 16 Ann 20 G, shows the mechanics of the calculation.